United States Steel Corp (NYSE:X)
Pittsburgh-based U.S. Steel is an integrated steel producer, running steel mills, making steel products, and selling steel to carmakers, builders, and others who need steel.
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Best leveraged company for Auto Industry revival in sales. 2012 Auto sales have been forecasted to rise most since clunkers program at a 10% rise over 2011.
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Steel yourself for a rebound in the homebuilding sector in the US prior to any real imporvement in Europe.
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At some point the housing market won't stink so much... Just a matter of time
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Here we come-a-building!
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X has been a disaster for most of 2011. In real life I sold it about 20 points ago, with a nice profit. It has been positive for the last month or so. I think it has bottomed and could come back nicely.
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Steel has plummeted! It will rise again 50% + in the next two years
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steel will be needed when the economy returns and U S Steel is at or near its low
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Steel companies in the U.S. in particular are making a comeback after being annihilated. International players like MT are still in free-fall over the European debt crisis. However, U.S. is breaking out of the bottom of it's October price. As far as I know, though i haven't researched it too carefully, we will still use the steel to construct buildings until some time into the science fiction future :P
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Those bridges have got to be rebuilt.
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Its all about Shale Gas and Frakking....
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It's an industrial play. If the economy is going bad, steel is definitely going to take a hit. US Steel is particularly vulnerable given the macro issues going forward.
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historically cheap but w/out positive earnings not going to put my actual money on it
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Same reason I picked AKS.
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X is trading at its 52 week low and has been pulled down due to the downward market forces, the fundamentals of the company remain strong. The demand for steel is strong and the stock should bounce back on the next market uptick
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Cold steel cheap.
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Good value at this time...
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Company too old and inflexible.
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Plan for June/July low and sell October high. Buy November low, sell December high.
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Letter X gonna run at some time, and when it does I'm gonna be right there with it. Woot!
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